New white labels highlight OneVue growth

OneVue will partner for three white labels following record quarterly cashflows.

The platform, which recorded inflows of $310 million for the December 2016 quarter, will deliver three white label solutions for MGD Wealth, Prosperum Wealth and an unnamed profit-for-member firm.

"OneVue's focus on developing a contemporary platform and managed account solution is garnering traction in the market especially after launching the FUND.eXchange initiative late last year," OneVue executive general manager for wealth management services, Matt Lawler said.

"We are proud to have been chosen as partners by MGD Wealth, Prosperum Wealth and a significant profit-for-member organisation. For these partners our solution improves practice efficiencies that will include their own managed account model portfolios."

Chief executive of Queensland-based advisory firm MGD Wealth, John Barton, said with $600 million in funds under advice already, the partnership will assist the firm's plans to expand in Queensland and along the eastern seaboard.

"We are already a OneVue client using their unit registry and portfolio construction services and are excited to extend that partnership in a comprehensive way.  We also see the opportunity of leveraging the FUND.eXchange to deliver significant benefits to our clients," Barton said.

Likewise, the partnership is part of a fresh approach taken by Melbourne boutique firm Prosperum Wealth when assessing how to best deliver effective portfolio solutions to clients.

"We were fortunate to tap into the expertise of specialist managed account investment solutions group, Watershed Funds Management.  They helped us navigate the market to select a contemporary platform that would support the complex nature of our investment solutions in a simplistic manner for our advisers and direct clients. We found this partner in OneVue," Prosperum Wealth managing director Scott Brouwer said.

As for the profit-for-member firm, Lawler describes it as well-established and significant in demonstrating OneVue's capabilities are valued by an increasing number of market participants.

Read more: OneVueProsperum WealthMGD WealthQueenslandJohn BartonMatt LawlerMelbourneScott BrouwerWatershed Funds Management
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